Nitro Labs’ Data Anchor Slashes Solana Storage Costs—Because Even Blockchain Needs a Discount
Solana’s notorious storage fees just met their match. Nitro Labs rolls out Data Anchor—a compression protocol that trims the fat from on-chain data without sacrificing security.
How it works: By anchoring hashed data off-chain while keeping critical validation on Solana, projects can now store more for less. Think of it as a blockchain diet plan—same nutritional value, half the calories.
The kicker? This drops storage costs by up to 90% for dApps and NFT projects. Finally, a ’crypto efficiency’ story that doesn’t involve layoffs or vaporware.
Cynic’s corner: Wall Street still charges $10 for a PDF statement—maybe they should launch on Solana too.
Nitro Labs, a well-known venture-powered Solana-centered software development entity, has announced a unique development. As per Nitro Labs, it has formally released Data Anchor, a robust new module to decrease cost of Solana-based data anchoring by 100,000x with cutting-edge 1KB proofs. The platform revealed this initiative in a recent press release.
Meet Data Anchor by @Nitro_Labs — making storage on solana 100,000x cheaper via 1 KB proofs that can be verified onchain
https://t.co/9XYd2UDsa9
Nitro Labs Unveils ‘Data Anchor’ to Decrease Solana-Based On-Chain Storage Fees by 100,000x
By launching Data Anchor, Nitro Labs intends to boost user experience. In this respect, Data Anchor is currently included in Termina, the modular infrastructure suite of Nitro Labs. It focuses on assisting applications in scaling locally within the ecosystem of Solana.
Conventionally, storing data of 1GB capacity on Solana was very expensive and inefficient in terms of functionality. However, Data Anchor provides an effective solution to that with a toolkit with which the developers can submit data from diverse decentralized nodes. They can also anchor cryptographic hashes along with retrieving data successfully via a built-in indexer. This development sustains cryptographic verifiability while incurring no high costs or posing backend complexity.
Botanika and Ping Already Use Data Anchor, Indicating Significant Adoption in DePIN Sector
As per Nitro Labs, Data Anchor is already witnessing wide-scale adoption among prominent DePIN projects, including Botanika and Ping as prominent names. Additionally, the system guarantees long-term auditability as well as data recovery even following Solana’s ledger window of 2-3 days. It is a noteworthy feature for contributor validation and historical analysis. By offering these groundbreaking features, the platform invites developers to begin using Data Anchor via Nitro Labs.
